Randomized Controlled Trials and Financial Capability: Why, When, and How (Research Brief)
|Viewing 1-3 of 3. Most recent posts listed first.|
Financial capability programs have proliferated in recent years, but rigorous research into which programs and methods are effective has not kept pace. Practitioners, policymakers, and funders are increasingly calling for rigorous financial capability research, including randomized controlled trial studies (RCTs), which can produce the highest standard of evidence. In April 2013, the Urban Institute and Consumer Financial Protection Bureau hosted a roundtable on the benefits and challenges of financial capability RCTs. The group agreed that RCTs are most suitable for well-established and scalable programs. Frontline staff should be fully invested in the study and involved in designing implementation and data-collection strategies.
Class and Color in the Credit Crunch (Research Report)
|Posted to Web: June 30, 2014||Publication Date: June 30, 2014|
Low and moderate-income mortgage borrowers, and borrowers of color, withdrew from the market disproportionately during the Great Recession and have not returned, even as total lending activity has begun to recover. While these potential borrowers are applying for loans in increasing numbers, their denial rates have increased since 2009. This shift is especially surprising since communities of color, particularly Hispanics, continue to increase their share of the population. While housing finance policy cannot target the central factors driving these disparities, it should avoid creating barriers to obtaining mortgage credit for qualified borrowers and the financial benefits of homeownership.
How Would Reforming the Mortgage Interest Deduction Affect the Housing Market? (Research Brief)
|Posted to Web: October 24, 2013||Publication Date: October 24, 2013|
Opponents of MID reform warn that reducing the deduction would undermine the value of owner-occupied homes and impede the recovery of the depressed housing market. The best available evidence predicts far less dire effects and suggests that some reforms could actually bolster the housing market recovery. However, the results are far from definitive. As debate continues, the Urban Institute plans to further explore behavioral and market changes, strengthening the evidence upon which policymakers can rely.
|Posted to Web: March 26, 2013||Publication Date: March 26, 2013|
Return to list of authors